subject: Making Credit Card Purchases with Wisdom [print this page] Making Credit Card Purchases with Wisdom Making Credit Card Purchases with Wisdom
Did you know that many people misuse their credit cards? Your credit cards are a tool and must be used very carefully. This doesn't mean that credit cards are bad or that they shouldn't be used. It simply means that you need to use your judgment when making purchases. Even no interest credit cards can be a problem when large balances are accrued. Use your credit cards to enhance your life, not to trap you in chains of debt and misery.
With so many different credit card options out there, you can surely find a great card for your lifestyle. You can find many cards that will work well for your specific financial situation. This large variety and selection of cards can really enhance your life if you know how to use these cards correctly.
Remember that anything you buy on a credit card will need to be paid for. Credit cards aren't free money, and each time you swipe your card you are spending real money. If you can't afford to make a purchase whether you have a credit card or not, you should not buy it. Smart consumers have learned to set limits for themselves, which can keep them from spending too much or ending up deep in debt. Keep your families needs in mind, and never make purchases that you have no hope of repaying.
Remember that to use credit cards properly, you need to understand them. They are tools that you can use for convenience in purchasing, protection from fraudulent charges and to help your credit grow. They should not be used to finance outlandish purchases. By using your credit cards like money and setting a budget, you can protect yourself from getting in too deep.
It is a good idea to pay your credit card balances off each month. Don't think about it, just do it. You should also review each purchase and ensure that you are spending on your credit cards appropriately. By reviewing your statement, you can remind yourself just how much you spend which will help to keep your spending in check. Remember credit cards aren't a magic solution for money troubles.
